Centre will come up with solution to fuel price increase: Shah
"We are taking increase in fuel prices very seriously... oil prices have increased according to a set formula. We are working on the situation at the highest level. Our people in the government will come up with a solution in three-four days " Shah told reporters here.
"Tomorrow (Wednesday) Union Petroleum Minister (Dharmendra Pradhan) will meet officials of the oil companies on the matter " he added.
The Minister had told reporters on Monday that the issue is under consideration of the government.
"Various alternatives are being looked into " Pradhan said adding that he would "work out something soon".
With a rise in international crude oil prices Indian consumers are also reeling under a corresponding increase in petrol and diesel prices with major cities like Mumbai and Delhi witnessing a record high.
The price of petrol in Delhi on Tuesday under the dynamic pricing regime touched a record Rs 76.87 per litre while in Mumbai it was Rs 84.70.
--IANS vn/tsb/vm